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An introduction to strategy





                           The JSW approach





                                                                            This involves understanding
                                                      Strategic             the organisation’s position
                                                      analysis              relative to its environment.

                                                                            Key models


                                                                            –  PESTLE

                                                                            –  5 Forces

                                                                            –  SWOT







                          Strategic                                                Strategy
                            choice                                                into action


                   This aims to choose solutions                        This concerns implementing
                   to existing problems and                             strategies. It can be divided
                   improve the organisation’s                           into two parts:
                   strategic position.
                                                                        –  Making business changes
                   The key model is JSW strategy
                   evaluation test.                                     –  Managing business
                                                                            changes.



                  Illustrations and further practice



                  Now try TYU question 2.













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